- New regulations introduced for assessing VAT registration eligibility in Ireland.
- Statutory Instrument S.I. No. 69/2025 implements the Cross Border SME Scheme.
- Changes affect how business turnover is assessed for VAT registration.
- Previously, turnover was assessed over any continuous 12-month period.
- Now, turnover is assessed based on the current or previous calendar year.
- From 1 January 2025, VAT registration thresholds are €42,500 for services and €85,000 for goods.
Source: charteredaccountants.ie
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
